Lindblad Expeditions (LIND) Raised to Sell at BidaskClub

Lindblad Expeditions (NASDAQ:LIND) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on LIND. TheStreet raised Lindblad Expeditions from a “c” rating to a “b” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Lindblad Expeditions currently has a consensus rating of “Hold” and an average target price of $11.25.

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Lindblad Expeditions (NASDAQ LIND) traded up $0.15 during trading hours on Thursday, reaching $9.23. The company’s stock had a trading volume of 72,249 shares, compared to its average volume of 73,271. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.31. Lindblad Expeditions has a twelve month low of $8.38 and a twelve month high of $11.26. The stock has a market capitalization of $419.35, a P/E ratio of -230.75 and a beta of 0.10.

In related news, Director John M. Fahey, Jr. purchased 3,000 shares of Lindblad Expeditions stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $29,400.00. Following the completion of the transaction, the director now owns 34,958 shares in the company, valued at $342,588.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 50.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Lindblad Expeditions by 0.3% in the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after purchasing an additional 44 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Lindblad Expeditions by 39.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,088 shares of the company’s stock valued at $211,000 after purchasing an additional 5,694 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Lindblad Expeditions by 19.1% in the second quarter. California State Teachers Retirement System now owns 35,565 shares of the company’s stock valued at $373,000 after purchasing an additional 5,700 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Lindblad Expeditions by 17.1% in the fourth quarter. Monarch Partners Asset Management LLC now owns 49,990 shares of the company’s stock valued at $489,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Lindblad Expeditions by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 72,928 shares of the company’s stock valued at $766,000 after purchasing an additional 7,401 shares in the last quarter. Institutional investors own 48.97% of the company’s stock.

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Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.